NEW YORK, Nov. 11, 2016 (GLOBE NEWSWIRE) -- Nasdaq, one of world's leading Governance, Risk management and Compliance (GRC) solution providers, has been recognized as the Best Operational Risk & GRC Solution by the RiskTech100 2017 awards in New York. The BWise GRC platform is used by hundreds of organizations across industry sectors worldwide.

The awards are organized by Chartis - a leading provider of research and analysis on the global market for risk technology - and recognize effective risk technology and the leading vendors in this area. The winners and subsequent rankings are based on Chartis' analysis into market trends, participants, expenditure patterns and best practices. The analysis has been validated through several phases of independent verification and is the most comprehensive study of its kind, having researched 40,000 risk technology buyers globally (70% financial services, 30% non-financial services).

"We're honored to be named as best Operational and GRC software solution," said Jonathan Deeks, head of BWise, Nasdaq. "Regulatory and market pressures for capital efficiency and transparency are continually building, yet often move in opposing directions. That's why an effective GRC program goes far beyond a technology implementation and should instead build towards a long term vision of guarding against issues that could go wrong and leveraging those that could create greater value. Only then will it fulfill regulatory requirements and provide increased and sustainable value to the business."

BWise's end-to-end solutions support an organization's ability to understand, track, measure, and manage key organizational risks. Nasdaq BWise helps companies truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability, increasing financial, strategic and operating efficiencies. Using BWise, organizations are able to efficiently comply with anti-corruption regulations like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many more.

Nasdaq BWise sales, service and support offices around the globe provide for the GRC needs of hundreds of leading companies worldwide. For more information, visit www.bwise.com.

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.3 trillion and more than 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com